COE $2 only

[mindman]

computer error or human error ?????????

cheers

[zzyzx]

luckily my COE is the previous one. if kenna this time one liao chor despite got 8k coe rebate.

[Latiorarri]

Donno can drive in my latio and drive out the FL latio w/o topping up anything anot 

[LatioR]

hi all, it's confirmed $2 COE for the car like latio. My friend got this $2 bid and also another friend in previous $1 COE bidding understand it's abt 5 yrs ago

[HumbleCar]

luckily my COE is the previous one. if kenna this time one liao chor despite got 8k coe rebate.

Hi Bro, Don't quite understand why will liao chor since can get back 8K coe rebate?  Should be better right since the loan amount will be lower, that is, pay less interest.  Assuming someone drive the car for 10  years, whatever the coe premium is, the value of coe after 10 years will still be zero.  Can only get back car body scrap value.  Even if change car after 5 years, the "depreciation" of the COE will be 50%.  Hence, will only lose $1 on COE premium as compared to lose about $5K based on the previous coe premium of $10+.  Still better leh.  Did I miss something here?

[burnolise]

Hi Bro, Don't quite understand why will liao chor since can get back 8K coe rebate?  Should be better right since the loan amount will be lower, that is, pay less interest.  Assuming someone drive the car for 10  years, whatever the coe premium is, the value of coe after 10 years will still be zero.  Can only get back car body scrap value.  Even if change car after 5 years, the "depreciation" of the COE will be 50%.  Hence, will only lose $1 on COE premium as compared to lose about $5K based on the previous coe premium of $10+.  Still better leh.  Did I miss something here?

But this will also mean if u sell your car before 10yrs....you can't fetch a gd price for it....if you got your COE at this price for a cheapo car that is not so lasting...then not worth it.....only worthwhile when you get a relatively reliable and good car with this COE price better..

[iagree]

computer error or human error ?????????

cheers

hi mindman & all,

oh, then how much is our Latio Premium now? When we bought last year, it was S$57k+?
today?
actually i donno how to calculate the car price one, this COE thing is tricky.

[iagree]

But this will also mean if u sell your car before 10yrs....you can't fetch a gd price for it....if you got your COE at this price for a cheapo car that is not so lasting...then not worth it.....only worthwhile when you get a relatively reliable and good car with this COE price better..

hi burnolise

luan leh. i still donno we secured the coe at 8k but the actual coe price was S$17999 for mine...
donno how to calculate at the end of my usage of the car, let say after 5yrs or 10yr.

[detach8]

i don't understand why people call it a "bad deal" when you get your COE low. these are sales tactics developed by car sales man to make you think that paying a premium for coe is a "good thing" when in fact it is a bloody gahmen tax.

what you buy cheap, you will sell cheap. certainly when you talk about car it is a liability and you want to pay as little as possible over the next few years as you drive it.

when second hand car dealers buy your car, they buy it at "paper value". this "paper value" is your remaining PARF and COE value plus the body of your car. your car's value fluctuates with the market. PARF goes down after 5 years. COE goes down every year. if you ask me, the first thing i want to get rid of is the COE, so i don't have to pay a high price when i first buy the car since the other two retains its value for a relatively longer time

i am not a financial expert but this is my understanding. correct me if i am wrong...

[clarence]

Latio 1.5 4A/T Sedan Base 49,000*
Latio 1.5 CVT Sedan Premium 52,000*
*Sedan price excludes leather seats and sports rims (add $1,000 if you wish to opt in)

Latio 1.5 4A/T Sports Base 49,000
Latio 1.5 CVT Sports Premium 53,000
Latio 1.5 CVT Sports Premium S/Roof 55,000


Prices only dropped $4,000 despite COE prices dropping over $10,000.

Let's take sedan base as an example.

If add leather seats and sports rims (which most of us got), Latio basic sedan base 4A/T would cost $50,000.

Next COE bidding price is unlikely to be high as prices have been marked down and high COE price will eat into distributor's profit margin.

For me, I paid $53,000 for my Latio with $16,000 COE, with leather seats and sports rims. Still a better deal anytime, especially if I sell in a few years' time. I still have a much higher paper value despite paying an extra $3,000.

[iagree]

For me, I paid $53,000 for my Latio with $16,000 COE, with leather seats and sports rims. Still a better deal anytime, especially if I sell in a few years' time. I still have a much higher paper value despite paying an extra $3,000.

hi clarence

seriously, i am still blur, not sure high coe is gd or low coe is gd.
messy.
i paid S$57k+ for my latio premium.
ur $53k is for 4at?

[Ender]

hi clarence

seriously, i am still blur, not sure high coe is gd or low coe is gd.
messy.
i paid S$57k+ for my latio premium.
ur $53k is for 4at?

How much is your COe, then we can agar agar if this COE woo hwa or not.

[HumbleCar]

But this will also mean if u sell your car before 10yrs....you can't fetch a gd price for it....if you got your COE at this price for a cheapo car that is not so lasting...then not worth it.....only worthwhile when you get a relatively reliable and good car with this COE price better..

If you buy at a low coe price, of course it will fetch a lower price.  Cannot expect to pay low and then expect to fetch high resale value wah.  So, buy low and sell low not worse off than buy high and sell high.  In fact, the former will help you save some interest (unless you not taking any loan at all).  Even then, say, after 5 years, your car paper value will drop, but your coe will lose half the value, which is only $1.  Worth it wah. 

[HJB]

Give me a $0 COE anytime .... why waste money (interest) and pay the garment?

Assuming Car A sells at $60K with $10K COE, Car B (similar car) sells at $50K with $0 COE
With interest at 2% and 5 years loan,
Total Price for Car A would be $66K, and Car B would be $55K.

Assuming straight line dep and after 5 years, Car A values at $30K and Car B at $25K.
So cost for using Car A is (66-30) $36K and B is (55-25) $30K.

On paper, you might be selling at higher value with higher COE ($30K vs $25K), but in reality you are paying/losing more as you use over the years.

As in why all the agents tell you higher COE is better, I think it's very obvious.

*Some assumptions made to make calculation simplified*

[a40x]

Don't quite understand how the COE system works, how do LTA get the $2 bid.

[best_ctzn]

Latio 1.5 4A/T Sedan Base 49,000*
Latio 1.5 CVT Sedan Premium 52,000*
*Sedan price excludes leather seats and sports rims (add $1,000 if you wish to opt in)

Latio 1.5 4A/T Sports Base 49,000
Latio 1.5 CVT Sports Premium 53,000
Latio 1.5 CVT Sports Premium S/Roof 55,000


Prices only dropped $4,000 despite COE prices dropping over $10,000.

Let's take sedan base as an example.

If add leather seats and sports rims (which most of us got), Latio basic sedan base 4A/T would cost $50,000.

Next COE bidding price is unlikely to be high as prices have been marked down and high COE price will eat into distributor's profit margin.

For me, I paid $53,000 for my Latio with $16,000 COE, with leather seats and sports rims. Still a better deal anytime, especially if I sell in a few years' time. I still have a much higher paper value despite paying an extra $3,000.

Hi. Your basis for comparison is wrong. You should compare the before price with that who is successful in latest bid which is $2 COE. It depends on the rebate level TCM quoted him. If it is at $10k, he will get back $9.998k, meaning his car is $9.998k lower then previous. The price AD offers now is the miss-the-boat price, which is only 4k~5k lower as they expect COE to swing up at the next bidding!

Low COE is definitely a good thing unless ur COE rebate level is incredibly low, then you can say you are chop carrot!

[iwilly]

tink tan chong coe rebate is 8k n below

[Ender]

Give me a $0 COE anytime .... why waste money (interest) and pay the garment?

Assuming Car A sells at $60K with $10K COE, Car B (similar car) sells at $50K with $0 COE
With interest at 2% and 5 years loan,
Total Price for Car A would be $66K, and Car B would be $55K.

Assuming straight line dep and after 5 years, Car A values at $30K and Car B at $25K.
So cost for using Car A is (66-30) $36K and B is (55-25) $30K.

On paper, you might be selling at higher value with higher COE ($30K vs $25K), but in reality you are paying/losing more as you use over the years.

As in why all the agents tell you higher COE is better, I think it's very obvious.

*Some assumptions made to make calculation simplified*

The trap is the COE rebate level. Many pay high car price for $2 COE. Those bought their toyotas at BM are lucky to have COE Rebare level at $10000, which BM honours. I'm beginning to hear that those who bought their car price higher from PI are not getting any rebate becoz PI do not state in the contract for COE rebate level , these are the lose lose situation. Pay high price for car, but get only $2 COE.

[HJB]

The trap is the COE rebate level. Many pay high car price for $2 COE. Those bought their toyotas at BM are lucky to have COE Rebare level at $10000, which BM honours. I'm beginning to hear that those who bought their car price higher from PI are not getting any rebate becoz PI do not state in the contract for COE rebate level , these are the lose lose situation. Pay high price for car, but get only $2 COE.

Yes, I read from newspaper that some PI are doing that.
My argument is just to support my view that lower COE is better for us.
Of course, it is not so if you have a high COE car to trade in at the same time as the old car price will not be as attractive.

[iagree]

How much is your COe, then we can agar agar if this COE woo hwa or not.

hi ender,

i thk my coe is 17999 or sthing like that, slightly lower than 18k.